Pinterest, the “visual” social network, is going to place shares on a stock exchange following the example of other technological services. Why would an unprofitable platform go public? Former employees of Google and Facebook Ben Silbermann and Evan Sharp came up with the service for picking pictures Pinterest in 2010. In contrast to competitors from Facebook and Twitter, which focused primarily...

The American group of direct investment and asset management The Blackstone Group LLP has contributed to the growing crisis in the housing market worldwide, has exploited tenants and destroyed local communities, according to UN reporters Leilani Farha and Surya Deva. Blackstone manages rental housing worldwide, most often through subsidiaries or foundations, and is considered one of the largest...

Many companies in the highly competitive clothing market stay away from IPOs. But Levi Strauss triumphantly returned to the stock exchange thanks to its line of women's clothing. Last week, Levi Strauss, one of the oldest American companies that invented blue jeans, was again listed on the stock exchange. During the first hours of trading, the value of its shares rose by more than 30%. Founded...

The European Commission fined the American company Nike 12.5 million euros (about $ 14 million) for a ban and restrictions on cross-border sale of licensed sports products in the Eurozone countries, reports Reuters. "The European Commission fined Nike 12.5 million euros for the ban on selling licensed goods to other countries within the EEA. This restriction concerned sale of attributes of some...

In the face of mounting support for the war on cash, Steve Forbes takes a stand to shed light on what he considers very shady business. With precise analysis, he details how the announced goals of currency restrictions are highly unlikely to be met and represent a deceptive maneuver from governments. The debate on the “end of cash”, which was considered ludicrous not so long ago, has been gaining...

French defence firm Nexter is pursuing its growth rate, both domestically and internationally. 13 years after its re-branding, the Paris-based defence equipment producer, specialized in land systems, is still carried by its one-of-a-king artillery systems and the military activity of France. But behind the business streak, lies a philosophical secret. GIAT industries became Nexter in 2006, as the...

Indonesia's national carrier Garuda Indonesia canceled an order to acquire 49 Boeing 737 MAX 8 airliners, the Financial Times reported on Friday. “We sent a letter to Boeing asking to cancel the order. Garuda passengers lost their confidence and do not want to fly the Boeing 737 MAX,” the newspaper quoted a representative of the Indonesian air carrier. It is noted that the airline has already...

The United States started fighting against Huawei Technologies Co. in the summer of 2018. The country also tried to influence its European allies and persuade them not to allow the Chinese to create fifth-generation mobile networks (5G). Australia and New Zealand supported Americans. Encouraged, the US sent its representatives to Europe to clarify that Huawei allegedly cooperates with the Chinese...

Jury in San Francisco acknowledged that glyphosate, which is contained in an anti-weed agent, may contribute to development of cancer. Shares of the German company Bayer fell by 13 percent. On Wednesday, March 20, Federal jury in San Francisco recognized glyphosate as a "significant factor" that influenced development of cancer in 70-year-old men who had been actively using it for nearly three...